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rebelfury76 July 5th, 2013 8:32am

Do you know the difference between the deficit and the national debt? (Prove it in the comments)

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Doopy Remedial Americanism
07/06/13 6:47 am

Deficit is the change over a year, debt is the total.

DunkinFrunk Austin area, Texas
07/06/13 12:20 am

God damn Rebel, you seem a little bossy today.

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skschroen always at school
07/05/13 7:51 am

Debt is accumulated total. Deficit is yearly over spending. I take economics

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shellybaxter1234 Peaceful Place
07/05/13 9:06 am

What they said - deficit has to do with the yearly budget and debt has to do with all the deficit added up

rebelfury76 No Justice, No Peace
07/05/13 9:24 am

Hey sk, I'm passing through Cincinnati in a couple weeks, just saying.

Liberty 4,032,064
07/05/13 5:15 am

Deficit is how stupid the government is.
Debt is how stupid the government was, plus interest.

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Blarney Wrightville
07/05/13 10:29 am

Hahaha....this pretty well sums it up in layman's terms...well done

skinner Wisconsin
07/05/13 4:51 am

Debt is the total sum an entity owes to another entity,
Deficit is the total sum a nation has available

helloWorld Triggered SJW
07/05/13 3:36 am

Deficit is government income minus expenses (usually results in negative number) and debt is the total amount the government has spent due to a deficit (money it has to borrow).

pinkyusuck The Carribean. I wish.
07/05/13 2:08 am

The deficit is how much we overspend annually. The national debt is the result of said overspending.

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comppete Las Vegas
07/05/13 2:04 am

The best definition is;
Deficit is the amount of money that is short of a spending goal.
The National Debt is what the government owes others for over spending.

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Skarface Banned
07/05/13 1:34 am

Debt is how much we owe, deficit is how much over budget we are per year.

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rebelfury76 No Justice, No Peace
07/05/13 1:33 am

And no cheating!

Deficit = amount the government will borrow this year

Debt = amount the government has borrowed in total

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Kris Humidity Central
07/05/13 1:34 am

Dude, it is 4:30am. So it's exactly what you said above.

At least that looks right. I dunno, the words are kinda blurry.

rebelfury76 No Justice, No Peace
07/05/13 1:39 am

Haha, go to bed kris you're drunk